What does 'Applicant' mean when buying a property?
Find out what Applicant means when you are buying a property. 'What does Applicant mean?' plus over 150 other property related terms and jargon in plain English
A term most often used within an estate agency to describe potential buyers. In order to monitor their business they often analyze such trends such as "the number of new applicants last month" or the "total number of applicants currently registered".
They will also use these figures when they try to persuade a potential vendor to list their property with the agent.
They may also give this data to research companies who aggregate them with other agent to get a feel for the current market. It's where quotes like "There are currently 10 applicants to every property on the market" come from.
If you want to learn how to be the applicant at the top of every agent's pile when a new property comes onto the market then pick up a copy of my ebook How to Really Buy a Property.